Walmart to Pay 100 Percent of Workers’ College Tuition

Walmart (Bentonville, Ark.) will pay 100 percent of college tuition and books for its associates beginning Aug. 16, reports CNBC. The move comes as a result of changes in the economy and job market.

The retail, also the largest private U.S. employer, will discontinue the current $1-per-day fee for workers participating in its Live Better U education program. The new plan will cost Walmart almost $1 billion over the next five years.

About 1.5 million part-time and full-time Walmart and Sam’s Club employees will be eligible for the program.